Bittime - Airdrop is one of the interesting ways to get crypto assets for free. One of the projects that is being talked about and offering an airdrop is zkSync, Ethereum's Layer 2 network that aims to improve the scalability and privacy of transactions.
The zkSync airdrop is predicted to be one of the largest airdrops in the crypto industry, with significant potential token value. This has attracted the attention of many investors and crypto users who want to profit from this promising project. However, this airdrop is controversial in the eyes of the crypto community.
zkSync Airdrop Draws Criticism
zkSync, a verifiable blockchain network that has been widely used with over 7 million addresses, made a splash with the launch of the ZK token. This token is predicted to be a governance token where holders can propose and vote on protocol improvements, as well as pay network fees.
However, this launch cannot be separated from controversy. The distribution of tokens through a one-time airdrop, which covers 17.5% of the total supply, sparked criticism regarding the allocation and eligibility criteria. Many users even suggest withdrawing their funds from zkSync and switching to another Layer 2 solution like Arbitrum.
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ZK Token and Airdrop Distribution
On June 11, 2024, Matter Labs, the team behind the zkSync project, announced via their official blog that 17.5% of the total supply of 21 billion tokens will be distributed to 695,232 eligible wallets. The airdrop claim period lasts from June 24, 2024 to January 3, 2025.
The remaining tokens will be allocated to various purposes, including ecosystem initiatives, teams, investors, and token assemblies.
The ZK token serves as the protocol token, allowing its holders to propose and vote on protocol upgrades, as well as cover network fees using zkSync's native account abstraction.
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The community can develop ZK through governance-driven protocol updates to introduce staking and other features.
Furthermore, the Matter Labs team confirmed that this token could be an important tool for coordinating technical innovations as more ZK chains are launched in the future.
"It's time to put the ZK token into the hands of the community. Now it's your turn to set the future of zkSync," the blog post reads.
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Ribut-ribut Airdrop zkSync
Kriteria kelayakan airdrop menuai kritik pedas dari komunitas, dengan tagar "zkscam" dan "zkSyncscam" yang marak di Twitter.
Meskipun tim mengklaim bahwa airdrop ini merupakan distribusi token terbesar di antara pengguna di antara rollup besar, banyak anggota komunitas merasa tidak memenuhi syarat dan masih menunggu alokasi token ZK mereka.
Seorang pengguna bahkan menyebutkan bahwa dia tidak memenuhi syarat meskipun telah melakukan perdagangan dengan volume lebih dari $100.000 (Rp1,6 miliar), menghabiskan lebih dari $100 (Rp1,6 juta) dalam biaya gas, dan berinteraksi dengan jaringan selama minimal tiga tahun.
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In response to this, the Matter Labs team explained in their official post that the eligibility requirements involve interacting with ten smart contracts, providing liquidity to DeFi protocols, contributing to a Gitcoin round on zkSync Lite, trading ten different ERC20 tokens, owning an Omnibus Libertas NFT, and making transactions on zkSync Lite in three different months before the launch of the zkSync Era mainnet.
Airdrop eligibility and distribution are determined by a snapshot of activity in zkSync Era and zkSync Lite taken on March 24, 2024, at 0:00 UTC, which marks the first anniversary of the launch of the zkSync Era mainnet.
Conclusion
The launch of the ZK token by zkSync presented both hope and controversy. On the one hand, the token is expected to provide greater community control and participation in the governance of the protocol. On the other hand, the airdrop eligibility criteria have caused criticism and disappointment.
With over 7 million user addresses and a large token distribution, the future of zkSync looks promising. However, the challenges of maintaining user satisfaction and trust must be overcome immediately.
For eligible users, the ZK token offers new opportunities to engage in network governance and development. For those who don't qualify, it's an important reminder of the importance of transparency and clear communication in the crypto world.
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How to Buy Crypto on Bittime
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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have a sufficient balance by depositing a certain amount of funds into the wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can only buy crypto assets on the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational and does not constitute an offer or solicitation to sell or buy any crypto assets. Crypto asset trading is a high-risk activity. The price of crypto assets is volatile, where prices can change significantly over time and Bittime is not responsible for changes in fluctuations in the exchange rate of crypto assets.
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